🟢 At a Glance:
Cadsys India Ltd reported a consolidated loss of ₹37.05 Cr in FY25, down from a not-so-glorious FY24. After a hurricane-hit execution year in the US, a ₹20.4 Cr write-off, and lower infra spends, things were rough. But the company isn’t folding — they’re hiring 300+ people, expanding offices, and betting big on AI-powered telecom infra tech.
🌪️ What Went Wrong
| Factor | Impact |
|---|---|
| Hurricane Milton (Oct ’24) | Project delays across Southeastern US |
| ₹20.4 Cr unbilled receivable write-off | Major revenue hit |
| US Infra Capex slowdown | Less work in Q3–Q4 FY25 |
| High inflation, BEAD funding lag | Industry-wide slump in 2024 |
That’s like trying to build Jio Fiber during cyclone season — and getting ghosted on payments.
📊 FY25 Financial Snapshot (Consolidated)
- EBITDA: ₹(28.76) Cr
- PAT: ₹(37.05) Cr
- Write-offs: ₹20.4 Cr (unbilled receivables)
- Cash Recovery: ₹12 Cr from US court judgment
“Negative EBITDA but positive hiring?”
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